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Bear of the Day: Consol Coal (CCR)

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The coal stocks had a stretch where they came out from underground and had their day in the sun. Lately, that hasn’t been the case as these stocks have come under pressure. Today’s Bear of the Day is a stock in that industry which has struggled to produce earnings growth. I’m talking about Zacks Rank #5 (Strong Sell) CONSOL Coal Resources (CCR - Free Report) .

CONSOL Coal Resources LP produces and sells high-Btu thermal coal in the Northern Appalachian Basin and the eastern United States. It owns a 25% undivided interest in the Pennsylvania mining complex, which consists of three underground mines and related infrastructure that produce high-Btu bituminous thermal coal located primarily in southwestern Pennsylvania. The company markets its thermal coal principally to electric utilities in the eastern United States. CONSOL Coal Resources GP LLC operates as a general partner of the company. 

The reason for the unfavorable Zacks Rank is the recent negative earnings estimate revisions for the current quarter and current year. Over the last sixty days, two analysts have cut their earnings estimates for the current quarter while four have done so for the current year. The bearish attitude has cut our Zacks Consensus Estimate for the current quarter from 54 cents to 45 cents and pushed the current year number down from $2.03 to $1.84.

Investors looking for other stocks within the same industry should check out Zacks Rank #1 (Strong Buy) Contura Energy CNTE and Zacks Rank #2 (Buy) China Coal Energy .

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CONSOL Coal Resources LP (CCR) - free report >>